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Organizations Have Federal Government Tax Incentives to Purchase Remstar Automated Systems for 2009

Posted on: Friday, 8 May 2009, 07:05 CDT

WESTBROOK, Maine, May 8 /PRNewswire/ -- The federal government has made tax incentives accessible for the remainder of 2009 to assist companies with the implementation of simple automation into new or existing facilities during these economic times. These tax incentives will have a positive impact on organizations purchasing automated carousels and VLMs allowing for increased write-off ability while providing increased efficiencies and a high internal rate of return.

The tax incentives are ideal for the integration of automated storage and retrieval systems, such as vertical and horizontal carousels and Vertical Lift Modules (VLMs) for most facilities' storage and retrieval requirements. This automation can save up to 85% floor space, improve accuracy to 99%, reduce manpower requirements up to 2/3 and produce a faster Return on Investment (ROI). The new provisions of the 2009 tax year provide the potential; for companies, the one-year 50% bonus depreciation provides the ability to write off in 2009 an extra 50% of the cost of new equipment that is purchased and used in 2009.

Remstar International Inc., a company of the Kardex AG Remstar International (KRI) Group of Zurich, Switzerland, is a leading provider of automated storage and retrieval systems for manufacturing, distribution and warehousing applications. For information about how Remstar storage and retrieval systems can allow for tax incentives, call 800-639-5805 or visit the Remstar web site at http://www.Remstar.com.

Remstar Media Contact: Ed Romaine, VP of Marketing Cell: 908-310-2875 eromaine@remstar.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

SOURCE Remstar International Inc.

Source: PR Newswire

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